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Cautious approach: Small finance bank model in the slow lane, say experts

The small finance bank model may still be testing the water some 10 years since its launch. According to banking experts, the regulator has taken a cautious approach in granting approvals. Unity Small Finance Bank was the last one to get a licence in the category in November 2021.

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New bank licences unlikely for a while - The Hindu BusinessLine

New bank licences unlikely for a while - The Hindu BusinessLine
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RBI rejects SFB applications of Dvara Kshetriya Gramin, Tally Solutions

RBI rejects SFB applications of Dvara Kshetriya Gramin, Tally Solutions
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RBI rejects two applications for small finance bank

RBI rejects two applications for small finance bank
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small finance bank: RBI rejects two applications for small finance bank

The Reserve Bank of India (RBI) has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. This follows the rejection of three applications in July 2023. The RBI had received approximately a dozen applications for setting up banks under the guidelines for on tap Licensing of Universal Banks and Small Finance Banks (SFBs).

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